January/February

This is the downturn everyone expected. They just didn’t expect it so soon. Anyone with a sense of history of the oil and gas business is wise to the reality that a ceaseless upward cycle just is not in the cards. The cards always come tumbling down...

The average age of the worldwide well servicing rig fleet is over 25 years old, and many of these rigs are much older. The idea of using 25- to 30-year-old equipment seems ludicrous in most industries, yet there are still more rigs working today over 25 years of age than there are under age 10...

Salvador – it’s Brazil’s oldest city (founded in 1549), one of its largest (3 million-plus people in the metropolitan area), and a vibrant place known as the country’s “Capital da Alegria,” or “Capital of Happiness...”

National Oilwell Varco’s Frank Springett, vice chairman of the Future Technology Subcommittee of the IADC Advanced Rig Technology Committee, has been selected as the inaugural winner of World Oil’s “Next Generation Award...”